
CapitaLand's China sales could surge to 3,000 units this year
3500 units will soon be launched.
According to DBS, residential earnings are predicted to pick up pace. Looking ahead, DBS expects better contributions in the coming quarters, led by China on recognition of c3000 units this year.
With 955 units of new sales in China from Metropolis, Pinnacle, Paragon and The Loft locked in during Q1 and another 3500 units that are launch ready, earnings visibility of this SBU has improved.
Here's more from DBS:
Meanwhile in Singapore, launch of Marine Point enbloc site and Bishan St 14 are planned for 2H13.
Contributions from non-residential segments are expected to grow, led by CMA. With 6 new malls to be completed this year and earnings momentum from completed properties accelerating, we anticipate better performance from this business unit.
Meanwhile the completed RC assets are also benefiting from AEI works and the new RC Chengdu and Ningbo are 90% preleased. The group also has significant capacity for new investments with a gearing of 0.44x.